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Search Results 0 to 8 of about 9 (some duplicates have been removed)
Feb 5, 2013 1:00pm EST
to happen. >> we did see a positive deal, moving the debt ceiling negotiations back a little bit we got a bit of a bounce. >> what i mean, you'll probably -- listen, we had the bounce today, down 130 points based on political instability in europe. rally right back, the president going to get through that and talk about long-term cuts. i don't think you'll get much more, we'll be stuck here around 14,000. >> long-term ron barron was on cnbc. he made a pretty outrageous projection, we've all been talking about it down here. let's take a listen to what he had to say. >> i'm expecting 7% average growth for extended period of time since we're below where stocks normally trade. how long will that take? 7% a year, you double your money every 10 years. that means if the stock market is 14,000 now, it could be 28,000 in 10 years and 50 or 60,000 in 20 years. >> ron barron is a very successful money manager. he's made a lot of money for his clients and for himself but that sound bite has a lot of people scratching their heads. >> i checked those numbers on 7%, with or without inflation, i'm not
Feb 5, 2013 11:00am PST
with health care or debt ceiling and wants the gun control conversation going and immigration and deal with spending and cutting issues in washington. let's play what speaker boehner said on immigration, one of the items in the pot right now. >> this is not about being in a hurry. this is about trying to get it right. on behalf of the american people and those who are suffering under an immigration system that doesn't work very well for anybody. >> do you agree it's not about being in a hurry? because i just heard the number the other day, quote 11 million people in the country undocum t undocumented. >> most people agree whatever the number is, 11 millionest smat an undercount. i think for mr. boehner, no reason to hurry but the obama team, the white house, they have every reason to. momentum is on their side. the results of the elections are still fresh on people's minds and also on gun control and reform. the tragedy at newtown is also fresh on people's minds so they -- it is in their interest to get it moving and going and before it recreeds and also there's another danger as we a
Feb 5, 2013 9:00am PST
the board cuts part of the deal that was made, the debt ceiling debate of 2011. republicans say it is now time for the president to do something. >> this week, i'm pleased to join my leadership in putting forward the require a plan act that will say to the president two specific things. put a budget in place that balances with a continue-year period of time, but if you don't, tell us when it does. tell us when your plan balances. families and businesses across the great nation must work on a balanced budget. they can't borrow and spend as far as the eye can see. this president, it's time for him to step up, put forward a balanced budget or tell us when his budget will balance. >> for more on what we expect to hear from the president, we want to bring in my colleague and friend, john king in washington. john we know the president will try to kick the can forward here, talk about the need for revenue, as well as spending cuts but not deep cuts that everybody's concerned. what do we expect? >> a familiar haunt for both of us, the white house briefing room. using the power of the presidency t
Feb 5, 2013 1:00pm PST
a deal on the fiscal cliff, pushed back the debt ceiling issue so that they can breathe a little bit and try and move away from just these fiscal sues. now on the horizon there are lots of house republicans, particularly younger ones, who say let's cut the defense budget, let those automatic spending cuts take place, and there are lots of senior republicans who say, not so fast. so that's going to be a problem within the republican party as we look ahead. >> where does karl rove and his new super pac fit into that? >> did you ever think republicans would call him a rhino, republican in name only. here you go. i've always thought of karl rove as a conservative. what's going on is his pac has said, you know what, we are tired of someone associated with his pac said to me, quote, the novelty of losing elections has worn off, and what they've decided to do is to start putting their money in primaries. they want to vet republican primary candidates so that by the time they get to the general election they believe they have qualified vetted candidates who can actually win. conservatives ar
Feb 5, 2013 3:00pm PST
these entitlements. >> first they argue the debt ceiling was their leverage. then they realize politically that was problematic for them. now that we resolved that at least for now although we still have to deal with it down the road, you've got deficit reduction that they perceived to be their leverage through shutting the government down or allowing what both republicans and democrats agree is an unacceptbly large set of spending cuts in the sequester which were designed to incentivize us to sit down. we're not going to be able to deal with this by march 2nd. let's make sure we avoid those cuts. >> absolutely. >> so here's what i think we have to look out for. i was up on the hill testifying this morning, and i'm picking up the following. i think what republicans would like to do is actually cancel the defense part of the sequestration and shift those cuts on to the non-defense side. that must be avoided. look, first of all in my view all these cuts ought to be avoided the way the president was talking about today. but what i just described absolutely must be avoided because it puts all
Search Results 0 to 8 of about 9 (some duplicates have been removed)